With companies like Condé Nast and Liberty Mutual Insurance looking to sublet hundreds of thousands of square feet of office space, Lower Manhattan is looking at the highest sublet availability rate since 2010. Downtown sublet space made up 2.3 percent of the market’s 105 million square feet at the end of May, according to figures from Colliers International cited in Bloomberg. Other than the sublet availability rate of 2.4 percent in April, that’s the highest […]
source https://therealdeal.com/2018/06/11/rising-sublet-market-in-downtown-is-threatening-office-landlord-profits/
No comments:
Post a Comment